1 ol-O 5 3 15 l - D e c~- 017

Registered No. 3503533 (England and Wales) Registered Charity No. 1070500

~V 3 JUL 10'

FAMILY EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES" REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2009

FAMILY EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES AND OTHER INFORMATION

Founder President Directors and Trustees

Mrs V Riches Mr A Cornell Mrs V Riches Betty, Lady Grantchester Dr J K Guly Mr G E Hester Mr S J Ling FCA Dr J Lim Dr T Stammers Mr R Whelan Mr A Cornell Mr G E Hester Mr N Wells Mr S J Ling FCA Mr S J Ling FCA Jubilbe House, 19-21 High Street, Whitton, Twickenham TW2 7LB Ledgers Limited Airport House Lancaster Suite 8 Purley Way Croydon Surrey CR0 OXZ

Chairman Vice Chairman Director Company Secretary Treasurer Office address

Auditors

FAMILY EDUCATION TRUST

CONTENTS

Page Trustees' report Statement of financial activities Balance sheet Notes to the financial statements Auditors' report 1-3 4 5 6-9
10

FAMILY EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2009
The Trustees have pleasure in presenting their report and financial statements for the year ended 31 December 2009. The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. Structure, Governance and Management The Charity is incorporated as a company limited by guarantee with a Memorandum and Articles of Association. The Trustees during the year are listed on the preceding page. An Executive Committee, which includes all the Trustees, manages the Trust. In addition to the Trustees, the following were members of the Executive Committee during the year: Mrs Mrs Mrs Mrs Mrs A Allen S Carter A Lines G White F Wyatt

All the members of the Executive Committee are members of the Company but have no beneficial interest. Trustees and members of the Executive Committee are elected at the Annual General Meeting of the Company and may serve for three years without being re-elected. The Trustees meet once every quarter and receive reports from Chairman; the Director, who is responsible for the day to day running of the Charity, and from the Honorary Treasurer. There is one other member of staff - a research and administrative assistant. There are no connected charities. The Trustees have reviewed the risks facing the Charity and taken appropriate steps to ensure that the effects of the occurrence of any risk are mitigated or eliminated. Statement of Trustees' Responsibilities Company and Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 1993. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

-1-

FAMILY EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2009

Objectives and Activities The principal objects of the Charity are: 1. To establish, carry out and promote research into the social, medical and psychological consequences of sexual behaviour and to publish and disseminate the information and data obtained therefrom. To establish, carry out and promote research into the family founded on marriage and to publish and disseminate information and data obtained therefrom.

2.

The Annual General Meeting and Conference featured addresses by Professor Dennis Hayes on "The Dangerous Rise of Therapeutic Education" and Professor David Paton on "Teenage Pregnancy - Dissecting the Evidence". The Trust continued to monitor trends in society affecting the family and the welfare of children and young people. During the course of the year, the Trust responded to several consultations and inquiries, including: the Youth Citizenship Commission consultation paper, Old enough to make a mark? Should the voting age be lowered to 16? the independent review of home education conducted by Graham Badman; the draft General Teaching Council code of conduct and practice; the Department for Children, Schools and Families consultation on Children, Young People and Alcohol; the Broadcast Committee of Advertising Practice (BCAP) Code Review consultation on the proposed BCAP Broadcast Advertising Standards Code; the Department for Children, Schools and Families questionnaire on Personal, Social, Health and Economic Education which formed part of the curriculum reform consultation; the Government's consultation on the Draft Legislative Programme; the Government Equalities Office consultation on the Equality Bill: Making it work; the Children, Schools and Families Select Committee inquiry into elective home education; the Welsh Assembly Government consultation on its draft working paper, Sexual Health and Wellbeing for Wales, 2009-2014; the Department for Children, Schools and Families consultation on Home Education registration and monitoring proposals.

The Trust published four issues of the Family Bulletin, covering a range of issues related to the family and the welfare of children and young people. In January, the Trust published a new health education leaflet in its `STI Alert' series, entitled Chlamydia and You. During the summer it published two new booklets: Education and Culture by Irina Tyk, and Too Much, Too Soon by Norman Wells. The Trust continued to offer advice and support to parents, teachers and school governors, particularly in relation to growing concern about the character of sex education provision in schools. Achievement and performance The achievements during the year are as outlined in the preceding section. The need for society to support the family unit is recognised by many commentators. The Trustees seek to increase the influence of our researched and well-informed approach insofar as can be achieved within the limits of the resources available to the Charity.

-2-

FAMILY EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2009

Public benefit The Trustees have had regard to the guidance published by the Charity Commissioners on the matter of public benefit. The objectives of the Trust are directed towards the improvement of Society through better understanding of the advantages of and threats to the stability of family life, thereby benefiting society as a whole and young people in particular. Financial review The Trust continues to operate and fund its activities on the basis of donations, legacies, membership subscriptions and covenants as well as from the sale of educational literature. During 2009, income exceeded expenditure by 23,884 (2008 38,164). Investment income and voluntary donations have been reduced, but a single generous legacy has partially compensated. However, the value of the investment portfolio increased by 38,875 (2008 reduced by 40,862). The Trustees seek to increase the Charity's reserves by at least 5,000 per annum out of normal activities, and by the amount of any major grants or donations received specified or designated to be for endowment purposes, to a point at which basic running costs can be met from investment income. This would enable additional research projects to be undertaken on a regular basis from annual donations. To reflect this aspiration, the Trustees have designated part of the reserves as an endowment fund, comprising the investments and certain long term deposits. A further 33,104 (2008 -17,816) was transferred to this Fund during the year and it now stands at 290,515. These funds are invested as part of our unrestricted funds. The Trustees have considered the most appropriate policy for investing funds and have found that common investment funds for charities meet their requirements to generate both income and capital growth. The Trustees consider that the long-term return on the investments is satisfactory. Plans for the future The Trustees intend to continue to promote the Charity's principal objects as set out above by publishing leaflets, reports and books on topics that are of relevant and current interest and to monitor social and political trends and comment thereon in accordance with such objects Auditors Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information. This re ort was approved by the Board of Trustees and signed on their behalf.

3~
Simon J. Ling Secretary 17 May 2010 ~

FAMILY EDUCATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2009

Notes

2009

2008 F

Incoming resources from generated funds Donations and grants Gift aided donations Legacies Income tax recoverable Other income Interest received Investment income Incoming resources from charitable activities Sales and hire of videos Sales of publications

53,416 18,073 12,483 4,675 817 4,422 4,534 98,420 3,479 3,479 101,899

53,189 23,283 7,292 4,409 10,200 4,037 102,410 39 2,764 2,803 105,213

Total incoming resources Resources expended Direct charitable expenses Video production Printing publications Research, premises and promotional costs

70 3,074 72,978 76,122

43 1,940 63,285 65,268 1,781 67,049 38,164

Governance costs Total resources expended Net income/(expenditure) for the year Statement of other recognised gains Change in market value of investments Net movement in funds Fund balances brought forward at 1 January Fund balances carried forward at 31 December The notes on pages 6 - 9 form part of these accounts

1,893 78,015 23,884

38.875 62,759 326,483

(40,862) (2,698) 329,181

389,242

326,483

FAMILY EDUCATION TRUST

BALANCE SHEET
AS AT 31 DECEMBER 2008
Notes Fixed assets Tangible assets Investments Deposits 2009 732 265,515 65,966 332,213 Current assets Stocks Debtors Bank balances 2008 375 176,356 117.477 294,208

5 6

4,597 5,794 47.731 58,122

3,662 11,219 18.446 33,327

Liabilities: amounts falling due within one year Net current assets Total assets less current liabilities

1,093

1,052

57,029 389,242

32,275 326,483

The funds of the charity General fund Designated endowment fund

9 98,727 290,515 389,242 107,863 218,620 326,483

Appr,qfied by th - oard of Trustees on ?? May 2010 and signed on their

f,
III

by:

r'Co Chairman The notes on pages 6 - 9 form part of these accounts

Simon J. Ling Hon Treasurer

FAMILY EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2009
1 Accounting policies 1.1 Accounting convention The financial statements are prepared under the historical cost convention except for the inclusion of investments at market value, and in accordance with the Statement of Recommended Practice for Charities. 1.2 Donations legacies and other voluntary income Income is included on the basis of amounts received, without accounting for amounts promised, pledged or accrued but not received, except for tax refunds due in respect of covenanted and gift aid income received. 1.3 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on Office Equipment at 25% per anum on the reducing balance in order to write off the cost less estimated residual value of each asset over its expected useful life. 1.4 Investments Fixed asset investments are stated at their open market value at the accounting date. 1.5 Stock Stock of publications and videos for resale is valued at the lower of cost and net realisable value. Cost comprises printing or reproduction costs only and excludes payments to authors or video production costs. 1.6 Unrestricted funds Incoming resources receivable or generated for the objects of the Charity without further specified purpose are available as general funds. 1.7 Restricted funds Incoming resources to be used for purposes specified by the donor. Expenditure which meets the criteria is charged to the fund together with a fair allocation of management and support costs. 1.8 Designated funds Unrestricted funds earmarked by the Trustees for specific purposes.

FAMILY EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2009
2 Research, premises and promotional costs 2009 Wages and National Insurance Rent, rates and other property expenses Travelling Telephone Stationery Postage General office expenses Conference expenses Advertising and promotion Printing bulletin Consultancy and research Sundries 3 Governance costs 50,801 8,993 185 769 1,179 3,965 905 1,794 3,801 380 206 72,978 2009 90 427 1,133 243 1,893 2008 39,321 11,009 102 880 1,615 3,321 808 1,833 324 3,336 514 222 63,285 2008 90 397 1,105 64 125 1,781

Committee expenses Insurance Audit fee Legal expenses Bank charges Depreciation of equipment

4 Staff costs No trustees received any remuneration or reimbursement of expenses during the year 2009 Employment costs Wages and salaries including Employer's National insurance contributions The average number of staff employed during the year was 50,801 2.00 2008 39,321 1.50

FAMILY EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2009

5 Tangible fixed assets

Office equipment 2009 2008 1,469 600 1,469 -

Cost At 1 January Additions Cost of disposals At 31 December Depreciation At 1 January Charge for the year Eliminated on disposals At 31 December Net book value At 31 December 6 Fixed asset investments

2-069

1,469

1,094 243

969 125

1,337

1,094

732

375

2009 Listed investments At 1 January Additions Change in market value Market value at 31 December Historical cost at 31 December 7 Debtors 2009 Debtors for sale of videos and publications Rent deposit Tax recoverable Prepaid expenses 18 2,012 3,764 5,794 176,356 50,284 38,875 265,515 232,822

2008 199,959 17,259 (40,862) 176,356 182,538

2008 30 2,012 7,165 2,012 11,219

FAMILY EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2009

8 Creditors: amount falling due within one year 2009 Accruals 9 Analysis of funds and allocation of assets The Trustees have designated part of the general unrestricted funds to be an endowment fund, to be invested on a long term basis. The income from these investments will be used primarily for the governance of the charity and then for general charitable purposes. The changes to the designated endowment fund for the year were as follows: as follows: 2009 33,104 38,875 71,979 Fund brought forward Fund carried forward The fund is now represented by the following assets Investments Deposits 218,536 290,515 2008 17,815 (40,862) (23,047) 241,583 218,536 1,093 1,093 2008 1,052 1,052

Transfer to/from General Fund Investment revaluation

265,515 25,000 290,515

176,356 42,180 218,536

The movements on General Fund were as follows: Fund brought forward Net income/(expenditure) for the year

107,947 23,884 131,831 33,104 98,727

87,598 38,164 125,762 17,815 107,947

Less transfer to designated endowment

FAMILY EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FAMILY EDUCATION TRUST
We have audited the accounts of Family Education Trust for the year ended 31 st December 2009 set out on pages 4 to 8. These accounts have been prepared under the accounting policies set out on page 6. This report is made solely to the company's members, as a body, in accordance with Section 235 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other Than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. Respective responsibilities of Trustees and Auditors As described on page 1, the Trustees, who are also the directors of Family Education Trust for the purposes of company law, are responsible for the preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Our responsibility is to audit the accounts in accordance with relevent legal and regulatory requirements and International Standards on Auditing (UK and Ireland). We report to you our opinion as to whether the accounts give a true and fair view and are properly prepared in accordance with the Companies Act 2006. We also report to ycu whether in our opinion the information given in the Trustees Report is consistent with the accounts, if the Charity has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding Trustees' remuneration and transactions with the Trust is not disclosed. We read other information contained in the Trustees' Report, and consider whether it is consistent with the audited accounts. We consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the accounts. Our responsibilities do not extend to other information. Basis of opinion We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the accounts. It also includes an assessment of The significant estimates and judgements made by the trustees in the preparation of the accounts, and of whether the accounting policies are appropriate to the charity's circumstances, consistently applied and adequately disclosed. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance as to whether the accounts are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the accounts. Opinion In our opinion: the accounts give a true and fair view in accordance with United Kingom Generally Accepted Accounting Practice of the state of the Trust's affairs at 31 st December 2009 and of its incoming resources and application of resources in the year then ended; the accounts have been properly prepared in accordance with the Companies Act 2006, and the information given in the Trustees' Repo rt is consistent with the accounts. Ledg rs Li ted n 17 May 2010 Airport House, Purley Way, Croydon Surrey CR0 OXZ

Cha rt ~toll ntants Registered Au i or

10